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Month: February 2018

Solve This Videogame’s “Mind-Blowing” Test, Get a Bitcoin

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Beat the game, win a Bitcoin. Simple, right? That’s the premise of MonteCrypto: The Bitcoin Enigma, a PC game scheduled for release next week. The mysterious game, the latest in a long tradition of public treasure hunts, offers players the opportunity to achieve a lucrative payday — if they can solve the game’s two dozen … Continued

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DCC: Distributed Banking, Future of the Financial Industry

A storm of dramatic change is yet to sweep the banking industry. In the most unprecedented revolution in centuries, blockchain will exert significant impacts on reforming the obsolete institutional system. Therefore, distributed banking public chain, just like DCC, will ultimately dominate the future financial industry model. In the digital-oriented 21st century, the contemporary banking industry is already behind the times, with its foundation constantly battered by waves of new technologies and models. Distributed Banking, the

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Bitcoin Mining Facility Interferes With T-Mobile’s LTE Network Verifying Payments

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US Federal Communications Commission (FCC) revealed in an official “notification of harmful interference” document that a bitcoin mining facility based in Brooklyn, New York interfered with T-Mobile’s LTE network by sending harmful radio emissions to the telecom’s 700 MHz band. Antminer Interferes With LTE Network The FCC noted in an document published on February 15 … Continued

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Cryptocurrency Trader Loses $603,000 in Margin Trading, Steals $2 Million

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Earlier today, it was revealed that 24-year-old trader Joseph Kim, who worked for a Chicago based firm Consolidated Trading, allegedly stole $2 million to cover losses he made in margin trading and personal investments in the cryptocurrency market. Over $600,000 Lost Due to Greed According to the criminal complaint obtained by Bloomberg, Kim illegally transferred … Continued

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Chicago Trader Steals Over $2 Million in Bitcoin and Litecoin Cryptocurrency

A Chicago trader is facing up to 20 years in prison for stealing over $2 million in Bitcoin and Litecoin cryptocurrency from his employer. Most 24-year-olds would be quite happy to be attached to a new cryptocurrency unit for a major financial entity. That’s not a bad career path for someone who previously worked as a cryptocurrency trader in South Korea before joining Consolidated Trading LLC to become an assistant bond trader in July 2016.

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Game Developer Atari Unveils Blockchain-Fueled Dual-Cryptocurrency Gaming Reboot

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The video game console for hits like eighties favorite Pac-Man is readying a pair of digital tokens, which is likely to rack up points with investors.  The Atari Group revealed a two-pronged initiative for which it has inked a couple of partnerships involving not one but two cryptocurrencies. Atari is the latest in what appears … Continued

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Emotion vs Reason, Round 1: Historical Technology Hypes

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Emotion vs Reason I’m sure most decisions you make are based on numbers rather than intuition or perception.  However, some are clearly misinformed. Not because you did not search thoroughly, or because you couldn’t find enough data. Rather, there’s something increasingly more difficult to analyse than numbers and facts: people’s feelings towards an event. –disclaimer: … Continued

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The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper

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Tim Draper, the founder of venture capital firm Draper Fisher Jurvetson, says the world needs a new kind of currency. Speaking from Stanford, California, Draper, an early investor in Bitcoin and a victim of the infamous 2014 Mt. Gox hack, spoke to Bloomberg TV of his confidence in cryptocurrencies. Draper lost around 40,000 Bitcoins in … Continued

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Grab Your Joystick! Atari to Create Its Own Cryptocurrency

Atari, the iconic video game company, has seen their stock price rise after announcing they would be creating their own cryptocurrency: the Atari Token. For gamers of a certain age, nothing can transport them back to their childhood faster than by just hearing “Atari.” The name alone conjures up marathon gaming sessions of Pac-Man or Warlords (or Yars’ Revenge, my personal favorite) while sitting on the living room floor in front of the TV. Now

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Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains

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For the first time in February, the cryptocurrency market has recovered to $500 billion, as most major cryptocurrencies including bitcoin and Ethereum recorded large gains in the past two days. Within the past 24 hours, bitcoin recorded a price increase 9 percent, rising from $10,030 to $10,850. Premiums in the South Korean cryptocurrency market have

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